Banking

Track Bank Accounts

Media

Bank Accounts

Petty Cash Accounts

Credit Card Accounts

One-off Payments and Enter Purchases

Checks

Bank Reconciliation

Memorized Transactions

Create a Bank Account

Enter Purchases and one-off payments

Memorize Transactions

Create Bank Account

Bank Accounts

Bank Accounts are displayed on the Payments so that they can be selected to direct monies to and from the relevant Bank account.

To add a Bank Account, Banking>Bank Accounts>+

Make sure you select the right Currency. See Currencies

Default Bank account ⛭

You can set default Bank Accounts for receiving payments from Customers and making payments to Suppliers. The default accounts are set on a per-currency basis, and as such are actually set in the Currency document itself. To set the default bank accounts for a particular Currency follow the steps below.

Go to Accounting > Multi-Currency > Currencies. Edit, select. save.

Bank Accounts have Actions to allow users to perform the following tasks:

Enter Purchase (miscellaneous expenses)

A form to enable the entry of miscellaneous expenses and their assignment and posting to the relevant GL account.

Make Deposit

Payments in non-deposited funds are displayed here. This function enables users to decide what payments are deposited in this bank account. Users can save the deposit as 'Pending' to allow edits. Saving the document posts the selection to the General Ledger.

Transfer Funds

Transfer a balance from this account to the selected Account in the General Ledger.

Make Payment to Account

This action post entries to the Profit and Loss ‘Other Income Accounts’.

Make Payment from Account

This action posts entries to the Profit and Loss ‘Other Expense Accounts’.

Print Checks

See Checks.

Reconcile

See Bank Reconciliation.